Indian businesses that paid most of their goods and services tax (GST) liability using input tax credit or reported asignificant variation in turnover are being queried by
Day: March 11, 2019
RBI: RBI says no data on demonetised 500, 1,000 notes used at petrol pumps – The Economic Times
The Reserve Bank of India also said it did not have information on the number of SBNs used to buy KYC-compliant instruments like insurance policies.
High value cars, jewellery to become cheaper as TCS to be excluded in computing GST–Economic Times
In a relief to buyers of high value cars and jewellery, the CBIC has said that the TCS amount would be excluded from the value of goods for computing GST liability. Under the Income Tax Act, tax
IBC–Open offer pain | Business Standard Editorials
The Securities and Exchange Board of India (Sebi) has tightened the norms for open offer exemptions in cases of debt restructuring. Only lenders such as banks and financial
From inter-state sand trade to excise duty, here are the key court orders | Business Standard Column
Governments can’t ban inter-state sand trade The Supreme Court has ruled that a state government cannot ban the movement of sand to other states, as it violated
Maharashtra takes lead to clear pre-GST cases | Business Standard Column
The government of Maharashtra promulgated an Ordinance on March 6, notifying a scheme for settlement of tax arrears, as a logical follow on to its state cabinet
Pledging of shares: Do lenders need to rethink their strategy? | Business Standard Column
Ruchir Sinha, head of the PE and M&A practice at Nishith Desai Associates, and Mohammad Kamran, a senior member of the firm’s international litigation and dispute
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